According to Kong Vibol, Director General of the General Department of Taxation (GDT) intends to use blockchain technology to further improve Cambodia's tax collection system. Vibol revealed this at the "Tax Updates" session held at Oakwood Premier Phnom Penh and sponsored ...
22nd June 2023
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senior official of the Asian Development Bank (ADB) stated that the health of regional waters is of particular importance given their impact on lives, livelihoods, and climate-related disasters. Cambodia's share of the ocean economy to its Gross Domestic Product (GDP) is sixth among ...
21st June 2023
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Cambodian goods exports to Thailand reached $480.236 million in the first five months of 2023, up 9.47% YoY from $438.705 million and up 84.47% half-on-half (compared to July-November 2022) from $260.33 million, according to Customs (GDCE). According to provisional ...
20th June 2023
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Over $1.8 billion in tax revenue was collected by the General Department of Taxation (GDT) of the Ministry of Economy and Finance in the first five months of this year, or around 51% of the annual target. Kong Vibol, the Director General of GDT, ...
19th June 2023
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Despite the fact that the economy is still extensively dollarized, the demand for the riel has steadily increased over the past 20 years, expanding at an average rate of 16.6% per year, according to Chea Serey, Deputy Governor of the National Bank of Cambodia. As a result of rising riel circulation ...
16th June 2023
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By the end of the first quarter (Q1) of 2023, the Cambodian government reported a total public debt stock of $10.27 billion, up 2.8% quarter over quarter from $9.99 billion. According to the Cambodia state Debt Statistical Bulletin, which was released by the Ministry of Economy and Finance, 67% ...
15th June 2023
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A senior official from the Cashew Nut Association of Cambodia (CAC) estimates that the cashew nut industry in Cambodia need operating capital of at least $300 million annually. Cashew has already been designated by the Cambodian government as an agro-industrial crop ...
14th June 2023
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According to a recent press statement from the Ministry of Mines and Energy (MME), Renaissance Minerals (Cambodia) Limited processed 6,727 kg of gold while paying the Kingdom over $10 million in royalties. The first foreign firm granted a license by the government of Cambodia to mine gold is Renaissance ...
13th June 2023
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According to a General Department of Customs and Excise report, Cambodia's exports in the first five months of 2023 were $9.18 billion, a decrease of 2.4% from $9.41 billion for the same period in 2022. Clothing, shoes, luggage, bicycles, and agricultural goods such rice, rubber, cassava, bananas, ...
12th June 2023
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In the first five months of 2023, Cambodia shipped 118,041 tons of milled rice to China, bringing in $77.4 million, according to a press statement from the Cambodia Rice Federation (CRF). According to a press release, "China is the main export market for Cambodian milled rice, accounting for 42.43% ...
09th June 2023
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